SylabUZ
| Course name | Microeconomics |
| Course ID | 14.3-WZ-EkoP-Micecs- 23 |
| Faculty | Faculty of Economics and Management |
| Field of study | WEiZ - oferta ERASMUS |
| Education profile | - |
| Level of studies | Erasmus programme |
| Beginning semester | winter term 2023/2024 |
| Semester | 2 |
| ECTS credits to win | 5 |
| Course type | obligatory |
| Teaching language | english |
| Author of syllabus |
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| The class form | Hours per semester (full-time) | Hours per week (full-time) | Hours per semester (part-time) | Hours per week (part-time) | Form of assignment |
| Lecture | 15 | 1 | - | - | Exam |
| Class | 15 | 1 | - | - | Credit with grade |
The aim is to familiarize the student with the basic categories of market economy. Presentation of economic aspects of the functioning of business entities. Presentation of microeconomic analysis tools necessary for the interpretation of economic phenomena and processes. Acquisition by the student of the practical application of knowledge in the field of microeconomics.
The ability to use mathematics in solving various problems
Lecture: The subject of economics. Positive and normative economics. Main trends in economics. The scarcity of resources. Demand, supply, determinants of demand and supply. Market equilibrium in dynamic and static approach. Surplus of the consumer and producer. Elasticity of supply and demand. Elasticity and revenues. Costs in the short and long term. Costs of lost opportunities. Organization's behavior on the market. The company and its functions in the economy. Perfect competition (market characteristics, demand curve for free-market enterprise products, short-term and long-term balance, break-even points). Economic pension.
Exercises: Multifactorial function of supply and demand. Law of demand, the law of supply. Market equilibrium. Price elasticity of demand, income elasticity and cross elasticity of demand. Price elasticity of supply. Theory of production, costs in the short and long-term. Perfect competition (market characteristics, price, average revenue, marginal revenue, balance in the short and long term) and imperfect competition (variations of competition, imperfect examples).
Lecture: The method of conventional lecture,
Exercises: solving problem tasks with the help of the teacher
| Outcome description | Outcome symbols | Methods of verification | The class form |
Lecture - written exam at the end of the semester or orally, depending on the number of participants in the course. Exercises - pass with grade (positive mark of two tests, obligatory attendance at classes). The condition for passing the lecture is getting a positive grade from the written exam in the field of theoretical issues presented during the lecture and practical task). The sum of points obtained from the exam determines the final grade: very good (91% -100% of possible points to be won), a good plus (81% -90%), good (71% -80%), a satisfactory plus (61% -70 %), sufficient (51% -60%). The prerequisite for passing the grade is the positive passing of two tests consisting of eight tasks (six practical tasks, two theoretical tasks). The result of two tests will be an assessment of the student's knowledge and skills. The final grade consists of the mark of two tests (80%), attendance (10%) and class participation (10%). The mark of the course consists of the mark of the exercises (50%) and the exam (50%). The condition for passing the subject are positive grades from the exercises and the exam.
1. Parkin Michael, Microeconomics 7th edition, Pearson 2005
2. Perloff J.M., Microeconomics. Global edition, 7th edition, Pearson 2016
3. Paul Krugman, Robin Wells, Microeconomics,Worth Publishers, 3rd edition, 2012
4. Robert Frank, Microeconoics and behaviour, McGraw-Hill Education - Europe, 2016
1. N. Gregory Mankiw, Microeconomics, Cengage Learning EMEA, 2017
Modified by dr Paweł Szudra (last modification: 02-06-2023 20:10)
